Inquiry hears Neotel paid millions to Gupta-linked 'mystery' company | IOL News

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Inquiry hears Neotel paid millions to Gupta-linked 'mystery' company

Johannesburg - Telecommunications network operator Neotel paid Gupta-linked letterbox company Homix R41 million for facilitating a R1.8 billion Transnet contract, yet its top executives claimed not to know the mysterious firm.

"We really wanted to know what Homix did to warrant such fees,” he told commission chairperson Deputy Chief Justice Raymond Zondo. Vaghela said former Neotel chief financial officer Stephen Whiley told the auditors he did not know who Homix was and referred Deloitte to the company’s chief executive Sunil Joshi, who also claimed not to know the shelf company.Neotel had paid 10% for the Cisco deal.

 

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